The US Congress and Businesses Have Been Resisting Conversion to the the Metric

question 17

Multiple Choice

The U.S. Congress and businesses have been resisting conversion to the metric system because they fear:

• A) market competition from international firms already using the metric system.
• B) consumer backlash and the substitution of international products.
• C) that it will promote standardization.
• D) that workers will not understand the system.
• E) that it will be too costly to implement.

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Definitions:

Working Capital Statement

A financial statement that shows a company's current assets minus its current liabilities, indicating the short-term financial health and operational efficiency.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.

Sales Volume

The total quantity of sales transactions or products sold by a business within a specific period.

Net Assets

The total assets of an entity minus its total liabilities, representing the entity's equity value.